New Street: Mercari (Buy, TP: ¥9,000, +115%) Q2FY22: Mixed
Mercari has reported a mixed/disappointing set of figures – excluding an accounting change revenue slowed to 22% at group level (from 30% in Q1), driven by a slowdown of GMV growth in Japan to 15% (from 22% in Q1), offset by a reacceleration in GMV growth in the US to +17% (Q1: -6%).
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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